SunTrust Banks, Inc. reaffirmed their buy rating on shares of Huntsman Corporation (NYSE:HUN) in a research report released on Friday, October 27th. They currently have a $32.00 price objective on the basic materials company’s stock. The analysts noted that the move was a valuation call.
A number of other research analysts have also weighed in on the company. ValuEngine raised Huntsman Corporation from a buy rating to a strong-buy rating in a report on Friday, September 1st. KeyCorp reissued a buy rating and issued a $34.00 target price on shares of Huntsman Corporation in a report on Friday, September 1st. Zacks Investment Research raised Huntsman Corporation from a hold rating to a buy rating and set a $30.00 price objective on the stock in a research note on Wednesday, October 11th. Nomura increased their price objective on Huntsman Corporation from $30.00 to $34.00 and gave the company a buy rating in a research note on Tuesday, September 19th. Finally, Jefferies Group LLC reiterated a buy rating and set a $29.00 target price on shares of Huntsman Corporation in a research report on Friday, July 14th. Two analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus target price of $31.55.
Huntsman Corporation (HUN) traded up $0.16 during mid-day trading on Friday, reaching $31.06. The company had a trading volume of 4,013,900 shares, compared to its average volume of 3,629,909. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.52 and a current ratio of 1.87. Huntsman Corporation has a 12-month low of $17.98 and a 12-month high of $32.59. The stock has a market capitalization of $7,416.25, a PE ratio of 12.93, a price-to-earnings-growth ratio of 1.48 and a beta of 2.87.
Huntsman Corporation (NYSE:HUN) last released its quarterly earnings results on Friday, October 27th. The basic materials company reported $0.67 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.17. Huntsman Corporation had a return on equity of 30.64% and a net margin of 5.37%. The business had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $1.99 billion. During the same quarter in the prior year, the business earned $0.38 earnings per share. The company’s quarterly revenue was up 18.5% compared to the same quarter last year. research analysts predict that Huntsman Corporation will post 2.61 EPS for the current fiscal year.
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The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be given a $0.125 dividend. The ex-dividend date is Thursday, December 14th. This represents a $0.50 annualized dividend and a dividend yield of 1.61%. Huntsman Corporation’s payout ratio is 23.47%.
In related news, Director Alvin V. Shoemaker sold 38,009 shares of the firm’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $31.28, for a total value of $1,188,921.52. Following the sale, the director now owns 37,227 shares of the company’s stock, valued at approximately $1,164,460.56. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP J Kimo Esplin sold 428,571 shares of the firm’s stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $31.54, for a total value of $13,517,129.34. Following the completion of the sale, the vice president now directly owns 925,271 shares in the company, valued at approximately $29,183,047.34. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,051,683 shares of company stock valued at $33,290,416. Insiders own 19.00% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the business. DSAM Partners London Ltd bought a new stake in shares of Huntsman Corporation in the 2nd quarter worth $2,128,000. Chicago Equity Partners LLC raised its stake in shares of Huntsman Corporation by 1,462.7% in the 2nd quarter. Chicago Equity Partners LLC now owns 443,035 shares of the basic materials company’s stock worth $11,448,000 after buying an additional 414,685 shares in the last quarter. CIBC World Markets Inc. raised its stake in shares of Huntsman Corporation by 133.4% in the 2nd quarter. CIBC World Markets Inc. now owns 708,530 shares of the basic materials company’s stock worth $18,308,000 after buying an additional 404,905 shares in the last quarter. Royal Bank of Canada raised its stake in shares of Huntsman Corporation by 58.6% in the 2nd quarter. Royal Bank of Canada now owns 398,112 shares of the basic materials company’s stock worth $10,287,000 after buying an additional 147,090 shares in the last quarter. Finally, New York State Teachers Retirement System raised its stake in shares of Huntsman Corporation by 0.6% in the 1st quarter. New York State Teachers Retirement System now owns 17,600 shares of the basic materials company’s stock worth $432,000 after buying an additional 100 shares in the last quarter. 74.31% of the stock is currently owned by hedge funds and other institutional investors.
Huntsman Corporation Company Profile
Huntsman Corporation is a manufacturer of differentiated organic chemical products and of inorganic chemical products. The Company operates all of its businesses through its subsidiary, Huntsman International LLC (Huntsman International). The Company operates through five segments: Polyurethanes, Performance Products, Advanced Materials, Textile Effects, and Pigments and Additives.
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